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Tunisia secures loan for ELFOULADH's production upgrade, unveils Saudi collaboration

Tunisia has successfully secured a loan for the purpose of upgrading the production facilities of ELFOULADH.

Tunisia secures loan for ELFOULADH's production upgrade, unveils Saudi collaboration

Tunisia's Minister of Finance, Siham Al-Boughdiri Namsiya, announced the successful acquisition of a $70 million loan from the European Bank for Reconstruction and Development. The allocated funds are earmarked for the modernization and upgrade of ELFOULADH's production facilities, signaling a pivotal step towards advancing the company's capabilities.

Beyond the financial transaction, the Tunisian government is set on expanding collaboration horizons by unveiling a strategic partnership with Saudi Arabia. This collaboration extends beyond mere economic ties, opening doors for mutual support and exchange of expertise between the two nations. The financial injection is anticipated to spur a transformative phase for ELFOULADH, contributing to its resurgence and optimizing production capabilities.

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